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Gate Square New & Returning Creator Rewards are ongoing!
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#美国消费者物价指数发布在即 Check out this big bullish candle for Ethereum this morning, it's really impressive.
Around 6:00 Beijing time, $ETH experienced an explosive surge, with a single candlestick directly breaking through the previous resistance level, heading straight towards the psychological barrier of 3383. From a technical perspective, trading volume has also increased, and such volume breakout patterns are quite rare in short-term cycles.
The next few days will be critical. Bitcoin is also brewing, and if $BTC can hold its current position, the entire market may enter a new upward cycle. Of course, market risks always exist, and the upcoming US CPI data release could cause short-term shocks to the market.
Currently, the relative strength of $ETH and $BTC is indeed worth paying attention to. The support levels on the technical side are continuously rising, which in some ways reflects a change in market sentiment. To better understand the upcoming market trend, it’s advisable to keep an eye on the daily performance of these two main cryptocurrencies and the trend of trading volume.